The Coca-Cola Co (KO) Stake Lessened by Bartlett & Co. LLC
Bartlett & Co. LLC decreased its holdings in The Coca-Cola Co (NYSE:KO) by 4.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 110,856 shares of the company’s stock after selling 4,843 shares during the period. Bartlett & Co. LLC’s holdings in The Coca-Cola were worth $4,990,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Signature Estate & Investment Advisors LLC boosted its holdings in shares of The Coca-Cola by 5.0% during the 1st quarter. Signature Estate & Investment Advisors LLC now owns 2,725 shares of the company’s stock valued at $116,000 after acquiring an additional 129 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of The Coca-Cola by 59.4% during the 2nd quarter. Meeder Asset Management Inc. now owns 2,754 shares of the company’s stock valued at $124,000 after acquiring an additional 1,026 shares in the last quarter. Eagle Ridge Investment Management acquired a new stake in shares of The Coca-Cola during the 2nd quarter valued at $138,000. SRS Capital Advisors Inc. boosted its holdings in shares of The Coca-Cola by 8.6% during the 1st quarter. SRS Capital Advisors Inc. now owns 3,326 shares of the company’s stock valued at $141,000 after acquiring an additional 264 shares in the last quarter. Finally, Almanack Investment Partners LLC. acquired a new stake in shares of The Coca-Cola during the 2nd quarter valued at $142,000. Institutional investors own 65.30% of the company’s stock.
Several research firms recently weighed in on KO. J P Morgan Chase & Co set a $48.00 price objective on The Coca-Cola and gave the company a “neutral” rating in a report on Friday, December 15th. Susquehanna Bancshares set a $45.00 price objective on The Coca-Cola and gave the company a “hold” rating in a report on Wednesday. Cowen reissued a “hold” rating and set a $42.00 price objective on shares of The Coca-Cola in a report on Thursday, September 28th. Vetr raised The Coca-Cola from a “hold” rating to a “buy” rating and set a $47.68 price objective on the stock in a report on Monday, December 11th. Finally, Macquarie assumed coverage on The Coca-Cola in a report on Friday, September 15th. They set a “neutral” rating and a $47.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $48.30.
The Coca-Cola Co (NYSE KO) opened at $45.59 on Friday. The stock has a market capitalization of $194,286.41, a PE ratio of 43.42, a PEG ratio of 3.90 and a beta of 0.70. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.39 and a quick ratio of 1.30. The Coca-Cola Co has a 52 week low of $40.22 and a 52 week high of $47.48.
The Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. The company had revenue of $9.08 billion for the quarter, compared to the consensus estimate of $8.73 billion. The Coca-Cola had a return on equity of 36.21% and a net margin of 12.20%. The firm’s revenue was down 14.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 EPS. sell-side analysts predict that The Coca-Cola Co will post 1.91 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend was Thursday, November 30th. The Coca-Cola’s dividend payout ratio is 140.95%.
In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $46.09, for a total value of $15,578,834.81. Following the transaction, the insider now directly owns 320,013 shares of the company’s stock, valued at approximately $14,749,399.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.51% of the stock is owned by insiders.
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The Coca-Cola Company Profile
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.
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